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A promissory note is issued in the name of Mr. Julio Rosales with a maturity date of 08/15 for an

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A promissory note is issued in the name of Mr. Julio Rosales with a maturity date of 08/15 for an amount of S/. 185,000, if the bank carries out discount operations at 18% annually and if Mr. Rosales wishes to discount the document on June 15, what is the value of the discount rate applied to the promissory note.

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Answer rating: 100% (QA)

To calculate the discount rate applied to the promissory note you can use the formula for discountin View the full answer


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Income Tax Fundamentals 2013

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: September 14, 2023 02:23:54
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